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GM

GM buyouts cut 5,000 jobs

GM buyouts cut 5,000 jobs

Published 05 Apr, 2023 06:16am
NEW YORK: About 5,000 General Motors Co salaried workers took buyouts to leave the company, putting the company well...
GM announces 2nd Bolt recall to address fire risk

GM announces 2nd Bolt recall to address fire risk

Published 23 Jul, 2021 08:30pm
  • "Out of an abundance of caution, customers should continue to park their vehicles outside immediately after charging and not leave their vehicles charging overnight," GM warned.
GM to invest $71mn for new design and tech campus in California

GM to invest $71mn for new design and tech campus in California

Published 13 Jul, 2021 05:39pm
  • General Motors said the campus will include an innovation lab and immersive technology capabilities, including augmented and virtual reality.
  • GM presented in January a futuristic flying Cadillac - a self-driving vehicle which takes off and lands vertically and carries the passenger above the streets and through the air.
GM boosts spending on electric vehicles, to add two new US battery plants

GM boosts spending on electric vehicles, to add two new US battery plants

Published 16 Jun, 2021 07:08pm
  • The No. 1 US automaker said it will now spend $35 billion through 2025 on EVs, an increase of 75% from March 2020 before the COVID-19 pandemic shut down the industry.
  • GMT's announcement comes less than a month after rival Ford Motor Co upped its EV spending by more than a third to over $30 billion by 2030.
GM restarting some plants hit by chips shortage

GM restarting some plants hit by chips shortage

Updated 27 May, 2021 07:46pm
  • GM said it is restarting operations at four plants in the United States, Mexico and Canada starting next week. Two plants in Mexico will resume production next week that build the Chevrolet Equinox, GMC Terrain and Chevrolet Blazer.
GM further cuts production in North America due to global chip shortage

GM further cuts production in North America due to global chip shortage

Published 24 Mar, 2021 07:48pm
  • The action was factored into GM's prior forecast that it could shave up to $2 billion off this year's profit, spokesman David Barnas said.
  • Semiconductors are used extensively in cars, including to monitor engine performance, manage steering or automatic windows, and in sensors used in parking and entertainment systems.
GM extends vehicle production cuts due to semiconductor chip shortage

GM extends vehicle production cuts due to semiconductor chip shortage

Published 03 Mar, 2021 07:22pm
  • The extended cuts do not change GM's forecast last month that the shortage could shave up to $2 billion from this year's earnings.
  • GM continues to leverage every available semiconductor to build and ship our most popular and in-demand products, including full-size trucks and SUVs.
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